Bentley Systems (BSY) Operating Margin (2019 - 2026)
Bentley Systems' (BSY) quarterly Operating Margin came in at 21.57% in Q2 2026, down 161.0% year-over-year from 35.37% in Q2 2025, and down 27.52% quarter-over-quarter from 29.77% in Q1 2026.
Analysis
Bentley Systems (BSY) Operating Margin (2019 - 2026) Analysis & Trends
Bentley Systems (BSY) has reported Operating Margin for 8 consecutive years, with 21.57% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Margin fell 161.0% year-over-year to 21.57% in Q2 2026; TTM through Jun 2026 was 23.59%, a 37.0% increase from a year earlier, with the FY2025 full-year figure at 24.15%, up 182.0% from the prior year.
- Operating Margin was 21.57% for Q2 2026 at Bentley Systems, down from 29.77% in the prior quarter.
- Over five years, Operating Margin peaked at 31.09% in Q1 2025 and troughed at 12.16% in Q4 2023.
- A 5-year average of 21.61% and a median of 20.85% in 2022 frame the typical range for Operating Margin.
- The widest YoY moves for Operating Margin: up 3563 bps in 2022, down 453 bps in 2022.
- Over 5 years, Operating Margin stood at 14.2% in 2022, then fell by 14 bps to 12.16% in 2023, then surged by 44 bps to 17.56% in 2024, then gained by 14 bps to 20.05% in 2025, then advanced by 8 bps to 21.57% in 2026.
- The last three Operating Margin figures came in at 21.57% (Q2 2026), 29.77% (Q1 2026), and 20.05% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ptc | 15.61 Bn | 15.26 Bn | 490.47 Mn | 27.75% |
| 2 | Trimble | 13.87 Bn | 13.65 Bn | 674.90 Mn | 13.58% |
| 3 | Bentley Systems | 10.17 Bn | 10.03 Bn | 336.74 Mn | 21.57% |
| 4 | Procore Technologies | 8.81 Bn | 8.15 Bn | 299.80 Mn | 1.15% |
| 5 | ServiceTitan | 7.27 Bn | 6.85 Bn | 193.79 Mn | -9.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.57% |
| Mar 31, 2026 | 29.77% |
| Dec 31, 2025 | 20.05% |
| Sep 30, 2025 | 22.50% |
| Jun 30, 2025 | 23.19% |
| Mar 31, 2025 | 31.09% |
| Dec 31, 2024 | 17.56% |
| Sep 30, 2024 | 20.48% |
| Jun 30, 2024 | 24.27% |
| Mar 31, 2024 | 27.22% |
| Dec 31, 2023 | 12.16% |
| Sep 30, 2023 | 24.03% |
| Jun 30, 2023 | 17.96% |
| Mar 31, 2023 | 20.92% |
| Dec 31, 2022 | 14.20% |
| Sep 30, 2022 | 20.70% |
| Jun 30, 2022 | 20.77% |
| Mar 31, 2022 | 20.54% |
| Dec 31, 2021 | 16.16% |
| Sep 30, 2021 | -14.93% |